Alliance Data Provides Card Services Performance Update For February 2016

Mar 15, 2016, 07:30 ET from Alliance Data Systems Corporation

DALLAS, March 15, 2016 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today provided an update on its Card Services segment.

In conjunction with the release of the Company's Master Trust Monthly Noteholder's Statement, the Company is releasing similar metrics for the overall total managed portfolio. The Master Trust data represents a subset of the Company's total managed portfolio, and the Company believes the information presented below provides a more complete view of the Card Services segment.

 


For the

month ended

February 29, 2016


For the two

months ended

 February 29, 2016


(dollars in thousands)

Average receivables

$

13,535,646


$

13,546,221

Year over year change in average receivables


28%



26%

Net charge-offs

$

56,522


$

118,800

Net charge-offs as a percentage of average receivables(1)(2)


5.0%



5.3%







(1)  The Company is tracking to its guidance of a 5.3% principal loss rate for the first quarter of 2016.














As of

February 29, 2016


As of

February 28, 2015


(dollars in thousands)

30 days + delinquencies - principal

$

576,576


$

424,251

Period ended receivables - principal

$

12,985,599


$

10,137,985

Delinquency rate


4.4%



4.2%







(2)  Compares to 4.4% and 4.5% for the month and two months ended February 28, 2015, respectively.

 

About Alliance Data

Alliance Data® (NYSE: ADS) is a leading global provider of data-driven marketing and loyalty solutions serving large, consumer-based industries. The Company creates and deploys customized solutions, enhancing the critical customer marketing experience; the result is measurably changing consumer behavior while driving business growth and profitability for some of today's most recognizable brands. Alliance Data helps its clients create and increase customer loyalty through solutions that engage millions of customers each day across multiple touch points using traditional, digital, mobile and emerging technologies. An S&P 500 and Fortune 500 company headquartered in Plano, Texas, Alliance Data consists of three businesses that together employ more than 16,000 associates at approximately 100 locations worldwide.

Alliance Data's Card Services business is a leading provider of marketing-driven branded credit card programs. Epsilon® is a leading provider of multichannel, data-driven technologies and marketing services, and also includes Conversant®, a leader in personalized digital marketing. LoyaltyOne® owns and operates the AIR MILES® Reward Program, Canada's premier coalition loyalty program, and holds a majority interest in Netherlands-based BrandLoyalty, a global provider of tailor-made loyalty programs for grocers.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.

We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K.

Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

Contact:

Investors/Analysts


Tiffany Louder


Alliance Data


214-494-3048


Tiffany.Louder@AllianceData.com




Media


Shelley Whiddon


Alliance Data


214-494-3811


Shelley.Whiddon@AllianceData.com

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SOURCE Alliance Data Systems Corporation



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